The New York office commercial lease agreement exclusively caters to the rental of office space within the state, as opposed to a commercial lease for properties that would be classified as retail, industrial, multifamily, etc. When office space is available on the market, interested parties will normally reach out to the owner or their representation to see if they can strike a deal on the conditions of the rental. If this can be achieved, the parties can come together and record the provisions within the said document as a testament to the individuals’ intentions. The features of the lease that will need to be covered include the:
- Periodic Charges
- Length of the Contractual Obligations
- Amount of the Upfront Security Deposit
Retail Commercial Lease Agreement – Retail businesses may alternatively execute this contract to rent space for selling merchandise.
NYC Guide to Commercial Leasing for Small Businesses – PDF